The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-07-08
COTTON.


speculation and export 1000 bales; receipts
1900 baleS-American / 400.
FutureS-U pands, low middling clause, July
and August delivery 54-6ld also 5 55-64d, Au-
gust and September 3 52-6id, also 5 5i-6ld: Sep
TENDER and October 3564d, also 34-64d, No
vember and December 20-64d, also 2264d
December and January 5 20-64d, September
53-6id Market firm.
2p.m.-The sales to-day included 1900 bales
of American.
Futures-Uplands, low middling clause, July
delivery 55-64d, sellers; July and August
5464d, buyers; August and September 5i-6ld,
buyers; November and December 22-6id, sellers;
December and January 30-64d buyers; January
and February 2O-64d, buyers; September
546id value Market firln
Good middling uplands Cd, middling uplands
o1sd, low middling uplands 534d good ordinary
uplands 7-l6d, ordinary uplands 51sd; good
mlddling Texas cd, middling Texas 53Sd, low
middling Texas sgd good ordinary Texas : 16d
ordinary Texas SD; good middling Orleans
Cd, mddliug Orleans SGD, low middling Orleans
5}4d. good ordinary Orleans 7-l6d, ordinary
Orleans 515d.
clause, July delivery 55-64d, sellers; July and
August 54-64d, buyers; September and October
. 3364d, buyers; October and November 21-6td
value; November and December 3 l2-64d, sellers
December and January 5 2l-64d, sellers; January
and February 2l-64d sellers; September
54-64d, buyers. Market closed steady.
New YoRK, July Z, noon.-Cotton opened
firm; middling uplandS 10 l5-l6c, middling Or
leans ll1Bc; sales 800 bales.
Futures-Market quiet but steady, with sales
as follows: July delivery 10 tic, August 10 re
September 10 O9c. October nc. November
Gao, December &c
800 p. m.-Market closed firm; middling up
lands ~ 15-l6c, middling Orleans l11sc; sales to-
day l,OO6 bales; net receipts none
Futures-Market closed barely steady, with
sales Of $4,000 bales, as follows: July delivery
10 G9110 7lc, August 10 73G0l0 G4c, September
10 0TQGl0 &c, October 74c November 964D
o6c, December 63c, January G5Q@9 66c, Feb
ruary 8 7lGG9 13c, March 1903 79c.
Green & Co S report on cotton futures saws:
Business in contracts has been less active, but
the tone is rather better and prices higher, Old
crop showing at one time 6GG7 points up. This
appeared, however, to be only natural reaction
following the previous liberal break, and as
sisted somewhat by favorable turn of affairs
in Liverpool, some covering has taken place,
but shorts We're not pressed with any severity.
and appearances seemed TO show that at the
gain made considerable cotton was marketed
Spot in the meantime was firm and in good
spinning demand, and late months held up well
in the face of continuous favorable crop &C
counts There is an impression that some sort
of manipulation of old crop is taking place, but
its character is not clear. At the close the tone
was rather easy at only small fraction above
last evening""
GALVESTON, July 7.-Cotton nominal midding
10Ssc; net receipts 10 bales, gross 10; sales none
stock 1896 bales.
NORFOLK, July 7-Cotton quiet; middling
105Ac; net receipts 1919 bales, gross 1919; sales
bales; stock 2,217 bales; exports coaStwise 30
bales.
BALTIMORE, July Cotton firm; middling
1850; net receipts none, gross none; sales none;
stock 3, $50 bales
Boston, July 7.-Cotton quiet and easy; mid
ding lie; net receipts none gross 10S bales sales
none; stock none; exports to Great Britain 81
bales.
WILMINGTON, July 7.-Cotton firm; middling
1890; net receipts none; sales none; stock ,O39
bales.
PHILADELPHIA, July Cotton firm; middling
MAIN ai5,tc 4
bales
NEW ORLEANS, July Cotton quiet; mid
ding 101lc; net receipts 10 bales gross 49,;
sales rs bales; stock 1917 bales; exports
MOBILE, July 7.--Cotton nominal; midding
1016c; net receipts none gross none; sales none;
stock 1862 bales.
MEMPHIS July Cotton quiet; middlng
1O3Sc; receipts % bales; shipments 10 bales;
sales 10 bales; stock 1918 bales.
AUGUSTA, July Cotton quiet; middling
104c; receipts 2 bales sales none.
CHARLESTON, July = Cotton quiet but firm;
middling 1034c; net receipts 10 bales, gross 10;
sales none; stock 577 bales.
ATLANTA, July 7.-Cotton-middling 1O1ac;
no receipts.
new YoRK, July Reconstructed net receipts
for all cotton ports to-day 1896 bales; exports to
Great Britain 81 bales; stock at all American
ports 24S,o74 bales
PROVISIONS, GROCERIES. ETC.
LIVERPOOL, July z, 1890 p. m.-wheat dull
demand poor; holders offer freely Bacon, short
clear 39S.
steady. Wheat dull and lower Corn easier
Pork steady; mess S15 00@15 So Lard dull at
ST S119. Freights firm.
5p. m.-Flour, Southern firm but quiet; com
mon to fair extra 50 1908 90. Wheat generally
firm, closing strong; No. red, July delivery
Sj36td S695c, August S43kGIS5c. Corn generally
steady; No. 2, July delivery 41e@45c, August
>46@4518c. Oats 1,4@94c higher, closing steady;
delivery 333S@3319c, August 311903l34c. Hops
quiet but firm. Coffee, fair Rio firm at 1S14c
No. Rio, July delivery Is 40@l6 soc, August
10 45@ 10 SOC, September Ii 95c. Sugar dull and
heavy blackstrap 10Nc Cotton seed oil-340
pc for crude, 4219044c for refined Hides
steady Wool firm; domestic fleece 30@S7c,
pulled 146l34c, Texas 9GQ25. Pork steady. Beef
dull. MiddleS dull and nominal. Lard 5Ge7
points lower and moderately active; Western
steam, on spot Sc S0Gt6 95, July delivery Sc n,
August So S1Gl6 81. Freights steady.
CHICAGO July There was some rather free
selling by local operators at the opening of the
wheat market, and for the moment the feeling
was easier, owing partly to dull foreign advices,
better buying, influenced by better advices from
New York and other markets and reports of
damage to the spring wheat crop in the North
west. August opened shade lower at 711eW
719Ac. AS the day advanced it became evident
that a sort of midsummer letbargy had settled
over the wheat pit. Indisposition to do more
than moderate scalping business was very
marked. Buying noted earlier put August up
TO s214c before noon. Exporters at the sea
board appear to be moving wheat with a good
deal of freedom, and to this fact is attributed a
large share of what seems to be the inherent
strength in that grain; but one thing against it
is that there is an entire absence ola big local
trade, which is usually the prominent feature
and which gives distinctive character to the
home market. The scalping trade, while of
considerable volume in the aggregate, is in all
other respects light and superficial, the trade
moving with the market instead of making it
and carrying little or no weight or influence.
The session closed with August at 724c The
reaction which set in before the close yesterday
in the corn pit was continued through to-day
giving the market some activity and a much
hrmer tone. The volume of business was CON
siderable but widely distributed. The prevalent
idea in the pit is that corn is cheap, and that
somebody will take advantage of the price and
put the market up. There was not so much of
a desire on the part of longs TO unload to-day
August opened at 36L4c, &c better than yester-
days close and sold up to 3634c, where it
steadied TO the close There was only a mode
rate trading in oats to-day, but a healthy up
ward tendency in prices for futures. The firm
pendent Of the reaction in corn, but IL is diff
cult TO tell. The principal buying was IN lead
ing Futures and August advanced from 2Jtzc to
251Sc, and closed steady at this, the highest
point reached Provisions were dull and easier
but declines we're small. Hogs were lower and
the packing crowd were bearish on lard and
short ribs but the trade was too light for them
TO do anything remarkable in the way of chang
ing the general course of values Several
but finding no buyers turned in and endeavored
70 hid the mark Il uD TO sell on but last SnIaq